29 aug 2012

Belgian retailer Mega Image has opened 24 Shop&Go convenience stores, the latest three last Friday, in one of the most ambitious expansion plans on the Romanian market. more

28 aug 2012

Businessman Liviu Tudor, the biggest office space owner in Romania, has completed a EUR58 million investment in the largest privately-owned campus in capital city Bucharest, which consists of three more

28 aug 2012

The Romanian Government has decided that the money to be collected this year from the biggest sale of mobile communications licenses in Romanian history - around EUR200 million – will be fully more

28 aug 2012

The ranking of the largest retail companies is dominated, as expected, by Carrefour, Real and Penny Market – foreign companies whose annual turnovers range between a little over EUR400 million and more

27 aug 2012

The daily production pace of Ford Romania’s plant in Craiova has accelerated this month from 50 cars in July to 200 in August, and is set to reach 500 cars a day in September, says Karsten Foese, more

27 aug 2012

The highest-paid executive in Romania last year was, surprisingly, a manager in the real estate sector, who is likely to have concluded several major transactions and earned EUR1.27 million, more

27 aug 2012

The best paid manager recruited by headhunters in the past year works in the chemical industry and earns a net monthly salary of EUR14,000 plus an annual bonus of EUR50,000, according to data more

24 aug 2012

The five telecom operators taking part in the largest radio spectrum auction organized in Romania submitted bids to buy more licenses than have been made available by the state. This means the more

24 aug 2012

Exports of wheat, corn and barley made through the port of Constanta, the leading hub through which Romania sends grains abroad, reached 3.6 million tons after the first seven months of the year, more

24 aug 2012

French-Belgian retailer Cora, which has a network of eight stores on the Romanian market, expects an up to 5% sales rise for this year, after in the past four years the company’s turnover in euros more

23 aug 2012

The Government needs to stop the faulty management at state-owned companies, by any means necessary– insolvency, privatization or private management. It is outrageous for companies with turnovers more

23 aug 2012

Bookstore chain Diverta, which is in the process of judicial reorganization, ended the first half of this year with turnover of EUR7 million, down 22% against the similar period of last year. more

22 aug 2012

Liliana Solomon, 48, was promoted in July as chief financial officer (CFO) of British mobile telephony group Vodafone for Europe, and will be in charge of the company’s activity in eight countries. more

22 aug 2012

Insurance sales stabilized in the first half of this year, but some major insurers continue to feel the effects of the crisis and to lose ground to smaller companies or to those who promoted mandatory more

22 aug 2012

RCS&RDS borrowed on August 9 EUR25 million from Citibank in order to be able to quickly pay the tax charged by telecom market regulator ANCOM to operators that win one of the frequency blocks in the more

22 aug 2012

Coty Romania, one of the largest importers of fragrances and cosmetics, ended the first half of this year with a two-digit growth, but expects a slower growth rate in the second half of the year more

21 aug 2012

Stephen Stead, the British executive who abruptly stepped down as manager of pharmaceutical manufacturer Labormed two weeks ago, talked for the first time about the reasons behind his decision to more

21 aug 2012

The drought made livestock feed up to 70% more expensive in farms, but the cost increase has not yet been seen in shelf prices. What will happen to the price of meat this autumn? more

20 aug 2012

Work is close to completion on the over 400-space underground parking lot in Bucharest’s central Piata Universitatii area, with engineers and workers on the project’s construction site on Sunday more

20 aug 2012

Almost a fifth of the 400 dealers present on the Romanian market in 2008 have closed down shop in the past four years, according to estimates in the sector, and pressure continues considering that more

20 aug 2012

Vehicle sales shrank by 20% against the first seven months of last year in volume, to 50,000 units, according to data of the Automotive Manufacturers and Importers Association (APIA). more

20 aug 2012

American company Bunge, which on the Romanian market is involved in the production of vegetable oil and in the trade of agricultural raw materials, is negotiating the takeover of two grain storage more

17 aug 2012

Around 20 companies out of the 75 listed on the regulated market of the Bucharest Stock Exchange stood out through the growth they recorded in the first half of the year in terms of profit and more

17 aug 2012

In the past three years the Romanian market has lost over 60 coffee shops because prices were not adjusted to the local realities and because of faulty management. Another factor has been Romanians’ more

17 aug 2012

Josef Goschy, who owns 3,500 hotel rooms, says revenues collected by Unita Turism amounted to 30 million lei (around EUR6.7 million) between January and August, 15% more than in the similar period of more